Overview

* Snap-On Q3 sales rise 3.8% to $1.19 bln, beating analyst expectations

* Diluted EPS of $5.02 beats estimates, includes $0.31 benefit from legal settlement

* Pretax profit beats estimates, reflecting strong operational performance

Outlook

* Snap-on expects 2025 capital expenditures to be around $100 mln

* Company anticipates 2025 effective income tax rate between 22% and 23%

* Snap-on sees resilience against current market uncertainties

Result Drivers

* ORGANIC SALES GROWTH - Snap-On reports 3.0% organic sales growth, contributing to overall revenue increase

* REPAIR SYSTEMS & INFORMATION GROUP - Segment sales rose 8.9% organically due to higher activity with OEM dealerships and independent repair shops

* COMMERCIAL & INDUSTRIAL GROUP - Segment faced 0.8% organic sales decline due to reductions in Asia Pacific business

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.19 $1.15

bln bln (8

Analysts

)

Q3 EPS Beat $5.02 $4.63 (8

Analysts

)

Q3 Net $271.80

Income mln

Q3 Beat $349.30 $326.03

Pretax mln mln (6

Profit Analysts

)

Q3 $278.50

Adjusted mln

Operatin

g

Earnings

Q3 Gross $605.90

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

* Wall Street's median 12-month price target for Snap-On Inc ( SNA ) is $352.50, about 5.6% above its October 15 closing price of $332.59

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)